US Business

Cargo ships have been delivering their loads later than ever this year, adding to the supply-chain woes that are undercutting efforts by retailers and manufacturers to capitalize on resurgent economic demand.

AbbVie’s pricing practices for some of its top-selling medicines faced fresh scrutiny from federal lawmakers Tuesday, the latest effort by members of Congress probing the cost of prescription drugs.

The home-improvement retailer’s same-store sales rose 31% in latest quarter as growth in demand that began with the pandemic continued into 2021.

The retail giant said comparable sales rose 6% in the spring quarter compared with the same period last year. U.S. e-commerce sales rose 37%, the slowest online growth since the coronavirus outbreak.

Investment in new fossil-fuel supply projects must immediately cease if the world is going to slash net carbon emissions to zero by 2050, the Paris-based energy watchdog said.

The telecommunications giant is giving up its dreams of marrying content and distribution—one of the biggest about-faces in corporate deal history. Company plans to spin off HBO, CNN, Warner Bros. studio and other assets.

The Biden administration intends to share 20 million doses of Covid-19 vaccines produced by Moderna, Pfizer and J&J with other countries by the end of June.

The activist investor is seeking board seats at Duke and wants the company to form a strategic-review committee.

The iPhone maker’s chief executive is set to argue the company’s case against Epic Games’ antitrust claims.

Brendon Babenzien, the veteran streetwear pioneer, is being hired to push the limits of the preppy retailer’s designs.